A substantial corner property currently arranged as two large self-contained flats, offering a significant opportunity for refurbishment and value enhancement. The building requires modernisation throughout, making it well suited to investors, developers, or buyers seeking a renovation project.
Additional features include a covered courtyard to the rear, off-street parking to the front, and a large cellar that offers further potential, subject to the necessary consents. The property is being sold with vacant possession, allowing immediate access for renovation or redevelopment works.
Situated in the highly sought-after area of Totterdown, the property benefits from strong rental demand due to its proximity to Bristol city centre, Bristol Temple Meads, and a wide range of local amenities. With scope to improve and potentially increase both rental income and resale value, this property represents an attractive investment opportunity in a well-established residential location.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 23rd July at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SUBSTANTIAL CORNER BUILDING ARRANGED AS 2 LARGE FLATS
DESCRIPTION -
A substantial corner property arranged as two large self contained flats in need of modernisation, offering excellent potential for improvement. The building benefits from a rear covered courtyard, a large cellar/basement offering potential for further accommodation, and off-street parking to the front. The property is to be sold with vacant possession and offers excellent potential for improvement, presenting an ideal opportunity for investors and developers looking for their next project in this popular residential location. Totterdown remains a consistently high demand rental area due to its proximity to the city centre, Temple Meads, and local amenities, making this an attractive buy-to-let or resale project.
LOCATION -
Situated in this highly sought after location within close proximity of the open space in Victoria Park. The area is well served by local bus routes and convenient for Temple Meads and Bristol City Centre.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: FFF: D, GFF: TBC.
TENURE -
Please refer to the Auction Legal Pack
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,800 plus VAT (£2,160 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for is £5,000.
If your bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
